Date of this Version
Cornhusker Economics, June 30 1999, agecon.unl.edu/cornhuskereconomics
Over the past decade, the explosive impact of small businesses on the United States economy has drawn the attention of policy makers and economic developers alike. And, with good reason! Information from the 1992 Small Business Administration Office of Advocacy showed that in Nebraska microbusinesses (businesses that employed less than 5 employees) accounted for more than 91% of all businesses in the state and contributed 20% of the state抯 payroll and proprietors?income. These businesses are located in communities and on the farms. They are auto repair shops, bakeries, jelly makers, tool and die shops, restaurants and crafters, just to name a few. The list is endless, but the impact reaches far into the community, providing jobs and economic security.